Tuesday, January 18, 2005

Trump forms golf management company!

The Donald, not content with simply running the "best of" everything, has decided he'll add golf to the mix. Hope it goes better than his foray into casinos, which ended in Chapter 11.

DONALD TRUMP FORMS NEW GOLF COMPANY

NEW YORK, N.Y.;  Jan. 18, 2005…Donald J. Trump has announced the formation of a new company, Trump Golf Management, LLC, designed to continue the Trump golf brand, setting the standard for world-class golf experiences.

Trump Golf Management — to be overseen by managing partners, Carolyn Kepcher and Ashley Cooper — consolidates clubhouse and golf course operations, purchasing, human resources and marketing, under one umbrella.

With the goal of continuing delivery of an unparalleled level of service, the new company will ensure that The Trump Organization's image and mystique is melded into the golf, recreation, and dining experiences for all its members and guests.

 "For years, golf has been my passion," said Trump, Chairman and President of The Trump Organization.  "As I added more golf clubs into the Trump portfolio, golf became a meaningful business for us and it deserves the management skills and professionalism that Carolyn and Ashley bring to the table."  Currently, Trump's investment in the golf industry exceeds $200 million.

There are four golf clubs in the Trump portfolio at the present time:

1. Trump National Golf Club, Westchester, NY (private membership, golf and residential community, designed by Jim Fazio);
2. Trump National Golf Club, Bedminster, NJ (private membership, Tom Fazio Design, opened in 2004, second 18-hole course currently in permitting stages);
3. Trump International Golf Club, Palm Beach County, Fla. (private membership, site of the ADT Skills Challenge and the LPGA season-ending ADT Championship).
4. Trump National Golf Club, Los Angeles, Calif. (18 hole, upscale public, opening in late Spring 2005, host to the 2005 LPGA Office Depot Championship).

"With the formation of Trump Golf Management and the centralization of our operations, we will continue to work to improve on what is already a world-class golf experience for our members and guests," said Kepcher, who will continue to serve as Executive Vice President and COO of Trump's golf courses.

"In addition, there will be significant cost savings realized by consolidating purchasing and through the centralization of our budgeting process," she added.

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